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  1. Today
  2. Here is a direct link to index funds on investopedia https://www.investopedia.com/terms/i/indexfund.asp
  3. Opps don't know how this happened.It just appeared and I don't know to get rid of it.
  4. Yesterday
  5. Scott, here is a shorter Minecraft version of that video:
  6. Probably an unpopular take, but Amazon is a dumpster fire from a user experience perspective. When I search for products: I consistently get results that in no way match my query; this is a well solved problem in computer science. I consistently get results that I'm not allowed to buy because I don't have Prime or Pantry or whatever other package they sell. I don't believe they allow you to sort on a price/unit basis. They also don't show you the all in cost of buying something....some include shipping while others hide the cost of shipping until checkout. I understand the barrier to entry is extremely high, but what a weakness in their system. It's shocking. ...also, no human being could ever need more than a couple million and no human being has ever done something that is "worth" billions and those who have come closest were definitely not paid billions.
  7. That's such a clear explanation Tony. Thank you, and I'll definitely try reading investopedia.com.
  8. Thank you Ed for this example. I'm copying and pasting and replacing the answers 🙂 Basics Status: Single Emergency funds: 6+ months in money market/savings. Tax Bracket: 22% federal State of Residence: Georgia Age: 36 Current Retirement Assets Portfolio Size: $136,000 Asset Allocation: please see attached pics for more details*** Taxable: Traditional Accounts: Roth/HSA Accounts: Funds Available Taxable/IRA/HSA: NONE Employer 401k: NONE Contributions from last year = $23,832 (It was a bit hard to make this contribution last year so I decreased my contribution past couple months) Pre-tax 457: $11028 Roth 403: $11028 Pre-tax 403: $888 (created by mistake and stopped contributions) 457 ROTH: $888 (created by mistake and stopped contributions) Thank you for your help guys!!
  9. Gosh this topic has got my attention because there seems to be so much contradictory information on this topic. The more I read t the more confusing it gets. I really think it all comes down what the employer allows. This chart might help. https://www.irs.gov/pub/irs-tege/rollover_chart.pdf
  10. I’m struggling to think of a lie bigger than the economy awards hard work with money. I promise you every time I got a higher paying job, it requires less work. The wealth distribution in America is a result of political choices we started making in the 70s that hurt working people. It isn’t complicated. ...and somebody with 2.8M who doesn’t consider themselves to be rich and thinks by consolidating even more wealth they’ll be helping everyday people, do we really need to hear anything that person has to say on wealth? Completely out of touch.
  11. Last week
  12. Krow, Are you sure? Is this rule specific to Valic? I'm reading a 403 b can be transferred to a 401 k if both are offered by the same employer. just curious
  13. It's great that you got the 401a shifted from Valic to TIAA during the open period. The Valic 403b can't be shifted to anything other another 403b plan as long as she is with the same employer. Those are IRS rules. I think you should talk to TIAA and ask if you can transfer her Valic 403b balance to their 403b. You might have to wait until the open period if the Valic 403b is part of ORP. https://peba.sc.gov/state-orp-enrollment
  14. This thread started by GSCalifornia is 3 years old, but you are certainly welcome to add to it with your own questions (or start a new thread?). If you send a personal message to GSCalifornia, it will generate an email to them, and they may respond to your query. I have no doubt that the transfer was completed, and that there was the surrender fee, and probably an account closing fee.
  15. It looked expensive for what it was, like it was built to slowly lose money over time and not even maintain its value. It's ok to make moves slowly. Mathematics may dictate what's optimal, but if you aren't comfortable with the decisions you won't stick with them. Gaining an understanding of why we're recommending certain things also takes time. Finance is a strange language at first. I'm an advocate for SWAN portfolios, which are the ones that allow you to "sleep well at night." You're doing well so far making steps toward improvements - putting in more effort than the average. Ed's asking questions that'll give a clearer picture to make customized suggestions... or he just wanted to let us all know he's a single millionaire 😋
  16. nobody knows who you are . of course you don't want to put your full name with address or social security info on here. just basic information. we can then map things out for you.
  17. No, The funds that are actively managed have managers associated with the specific fund and not with Valic. Active managers pick and chose , buy and sell stocks or bonds they want in their fund based on research. An index fund is all the funds in a category so you own all funds in that category. An index fund has a manager too but he/she seeks to track the performance of a benchmark index like the 500 index so he doesn't pick individual stocks he might like.. Instead an index fund invests all of its assets in the stocks that make up the Index so you own all the stocks in that category. The thing to know is most index funds cost much less (expense ratio)and outperform most managed funds. Not necessarily on a day to day basis but over time. It's hard to explain all this. You should try going to investopedia.com and read all you can.
  18. You have to do what is comfortable for you. I'll show you how safe I think it is. With this information folks could give me pretty specific answers to financial questions: Basics Status: Single Emergency funds: 2 months in cash. Tax Bracket: 22% federal, 0% state State of Residence: Florida Age: 36 Current Retirement Assets Portfolio Size: $1,025,000 Asset Allocation: 70% Total Domestic, 30% Total International, 0% Bonds Taxable: 75% of portfolio Traditional Accounts: 20% of portfolio Roth/HSA Accounts: 5% of portfolio Funds Available Taxable/IRA/HSA: Anything Employer 401k: Vanguard index funds for small, mid, and large cap domestic stocks. Everything else is expensive. Contributions = $105,000/year Taxable: $71,450 Traditional 401k: $24,000 Roth IRA: $6,000 HSA: $3,550
  19. Whoa.. I just had a light bulb moment here Tony. So all of the funds I have are still "actively managed funds" except VINIX? I thought actively managed fund meant my portfolio was guided and managed by the Valic people.. I'm gearing toward opening IRA accounts: total bond and total international stock market and maybe exclude total stock market because I'll have so much of VINIX from my 457 and 403 accounts rather than opening the Target funds. I'll copy the Target fund allocations like ScottO does for his portfolio https://investor.vanguard.com/mutual-funds/profile/portfolio/vtivx in hopes that I can save more on the fees. Hopefully I'll be able to manage. Thank you for your encouraging words! I am in a better place already following your expertise 🙂 I truly appreciate all your help.
  20. Don't be so hard on yourself. You want to learn and you are learning. That makes you a winner!! I've made more mistakes than I have fingers LOL!! But I fixed my mistakes and I know better now. Your mistake can be fixed. Please trust our recommendations. The folks here are smart. You will be in a better place following our advice.
  21. Well Pimco would have been a better choice but it costs more and is a managed fund although it has done quite well for years. Regardless I would open a brokerage account with Charles Schwab and go with the funds we mentioned. You should be able to do that.Vanguard Index funds or Fidelity Index funds or even Schwab index funds. Total Bond index is the only bond fund you need. No to the annuity. Stay as far away as you can. Do the portfolio we recommended way above on this trend or just pick one fund, a target fund closest to you anticipated year of retirement. A target fund will be managed for you and have the same index funds we talk about here. I recommend a Vanguard target fund. Did you get that? you pick that one fund and the complexity is over for you and you can focus on saving saving saving!!! And you will come out smelling like a rose in 25 years if you keep investing it and not mess with it.
  22. I think it would be smart to consolidate these plans into your lowest cost option if you can and to avoid complexity and mistakes. Also, dump the annuity. It might not be a good deal as most usually aren't. If she separated from service from any previous place of employment and she accumulated those assets there, she can transfer those particular assets to an IRA or if she is 59.5 years of age . Seems like she has got a lot going on here that is confusing. I don't think you can rollover a 403b plan to a 457b plan unless it's a government plan. Rollovers are not permitted from a 403b plan to a 457b plan of a non profit employer. So you may be stuck there. But ask directly anyway as there may be exceptions. I think however you can under certain circumstances move the Valic 403b to a 401k if both are offered by your employer. You certainly should be able to move from one 403b plan to another. Employers may be able to limit you to changing contributions amounts to once a year if it's stated in the plan document, however in my personal situation I could make changes any time I wanted to. Do you have access to online tools that allow you to make changes yourself directly? 401(a) plans are similar to 403b plans I believe but are less known and are so customizable, the terms and conditions are dictated by the sponsoring employer, rather than by specific IRS guidelines. You need to call the companies you want to transfer your money to see if they will except the exchange and see if all you want to do is possible. DISCLAIMER I'm no expert here and I don't know the rules your employers past and present may have imposed, I'm just trying to help Maybe others can give you better guidance, plus I know very little about 401a plans. I'm sure you can go to the IRS website and your wife's employer document to see what you can and cannot do. Always look for details in writing and don't trust the spoken word because many folks may be uninformed of the actual facts. Tony
  23. I love this, Tony! I don't feel like being ganged up on at all. I'm learning so much 🙂 I like how you explained that Blackrock bond is not a diversified bond. Should I buy back Pimco or the Valic annuity within the same account or just start completely over with a new total Vanguard total bond fund you guys mentioned? I guess I did something foolish. Is it safe to list all those here? I want to share with you all but with general public I feel hesitant. This is my first forum setting... If you guys say that it's safe, I don't mind sharing.
  24. Can you please list the following information: What is your desired asset allocation? How much money do you have to invest per year? What accounts do you currently have? How much is in each account? What funds are available in each account? What about a spouse and their answers to these questions? Do you mix finances? That'll really help.
  25. Below is the copy/paste info on Charles Schwab option. It sounds very daunting for me as it sounds it needs lots of actions on my part? I like the Vanguard IRA options you guys talked about before much better, but just wanted to check with you guys. Self-Directed Brokerage Account Schwab Personal Choice Retirement Account® (PCRA) is a self-directed brokerage account that allows participants to invest all or a portion of their Plan account balance in investment options available through a brokerage service. Participants enroll in the brokerage window by allocating contributions or exchanging other investment vehicles into PCRA. For a participant with no PCRA account, this activity triggers the automated PCRA account opening procedure. A written communication containing an informational brochure and a Limited Power of Attorney (LPOA) form is then sent by VALIC. The LPOA form should be completed by the participant and returned to Schwab. A “Welcome Kit” is also sent to the participant by Schwab. This kit contains instructional information regarding the new PCRA account along with the new PCRA account number. Participants can request activities on their self-directed brokerage accounts by speaking directly with a Schwab representative by calling 1-888-393-7272 or by using any of the following: Schwab.com, Telebroker® (touch-tone telephone) or Schwab by Phone™ (voice recognition telephone) services. Participants will receive confirmation of each transaction made to their account either by mail, or if elected, electronically via email. A monthly statement will also be generated. In addition to the detailed Schwab statement, the participant's aggregate balance in the self-directed brokerage account and confirmation information will be provided on AIG Retirement Services Information - Annual Participant Fee Disclosure 04/30/2020 30 of 34 01307 - 001 VALIC's quarterly account statement. The following fees are representative of the fees associated with PCRA: Account maintenance fee: PCRA investors are assessed an annual account maintenance fee of $50.00 by VALIC. Transaction fees: Schwab charges transaction fees on some of its mutual fund offerings. Some funds may also charge sales and/or redemption fees. Standard fees apply on both transactions when placing simultaneous orders to sell one or more transaction-fee fund(s) and purchase additional transaction-fee fund(s) with the proceeds. No-Transaction Fee Funds (includes funds available through the Mutual Fund OneSource® service): Electronic Trade -- $0, Broker-Assisted Trade -- $25 service charge per trade may apply. Schwab's short-term redemption fee will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service (and certain other funds with no transaction fees) and held 90 days or less. Transaction-Fee Funds: Electronic Trade -- $50 per buy, $0 per sell; Broker-Assisted Trade -- Electronic fee, plus $25 service charge per trade. You can obtain more information about PCRA commissions and transaction fees by calling Schwab's PCRA Call Center at 1- 888-393-PCRA (7272), Monday through Friday, 9:00 am through 7:30 pm ET. Or, you can view the current Charles Schwab Pricing Guide for Retirement Plan Accounts on Schwab.com for a more complete description of all other commissions and transaction fees.
  26. As is often the case, sometimes the deeper we get into specific details the more complex things can get for the OP. That's why I love target date funds for most folks and he could do that with his brokerage account and everything will be done for him and he can concentrate on saving!!
  27. GA Teacher Not trying to gang up on you but: I'm no expert on bonds (disclaimer) BUT What I don't like about your high yield bond is that it's not a diversified bond fund. It owns the riskiest of bonds. You don't own any others short term and intermediate term bonds.. I think you would be better served going with a more diversified offering. Keep in mind the basic index fund portfolio we recommended to you early on included a total bond market index fund. I would utilize your brokerage account to get that type of bond fund. I would also dump all those managed funds. Like Ed said, Bonds should be there to counterbalance your stock funds to smooth out your portfolio volatility. By including the riskiest bonds category that act like stocks more often than not, you are not tempering your portfolio or diversifying it with its inclusion . I believe they are often called junk bonds because of their higher possibility of default. You would be better served getting a diversified bond fund. I don't know if you have to wait a certain amount of time now to make changes but i would imagine you can get rid of that portfolio and go the brokerage route and get index funds.
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